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Other Fields Homework Help Economics Topic started by: Llanis on Oct 18, 2017



Title: Any competitive equilibrium is Pareto efficient because, with a competitive equilibrium
Post by: Llanis on Oct 18, 2017
Any competitive equilibrium is Pareto efficient because, with a competitive equilibrium
A) the marginal rates of substitution are equal for all consumers.
B) the price line is the contract curve.
C) mutual gains from trade exist.
D) the slope of the price line equals the ratio of the MRS for all consumers.


Title: Re: Any competitive equilibrium is Pareto efficient because, with a competitive equilibrium
Post by: TecShdw on Oct 18, 2017
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